Articles
The value of the flat
Statute says that you need to assume that the value of the short lease is in the "no Act world", in other words, before you had the right to extend your lease or buy your freehold. Consider how much you would discount the value of a leasehold property if you were never able to obtain a lease extension or buy your freehold. The calculator works of the value off the existing lease (i.e. the short lease). Most people will have entered the market value.